Blog > What Is the Median Home Price in Virginia Beach, and What Can I Get for My Budget?
What Is the Median Home Price in Virginia Beach, and What Can I Get for My Budget?
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Budget clarity is everything in this market. One of the first things I do with every new buyer is walk them through what their dollar actually buys in Virginia Beach — because the citywide median doesn’t tell the whole story. Virginia Beach is not one market. It’s a collection of very distinct submarkets, each with its own price range, personality, and lifestyle.
The Numbers as of 2026
- Average home value (Zillow): $417,187
- Median sale price (Houzeo): $406,000, up 0.22% year-over-year
- Median list price (Realtor.com, Dec 2025): $429,900, up 4.65% YoY
- Price per square foot: approximately $230
- First-time buyer average down payment in Virginia Beach: $38,268 (LendingTree)
What Different Budgets Get You
Here’s a practical breakdown by price tier:
Under $350,000 — You’re looking at inland neighborhoods like Kempsville, Aragona Village, and parts of Bayside. Expect older construction (1970s–1990s), smaller lots, and solid bones. These areas are fantastic for first-time buyers and military families. Kempsville in particular posted strong appreciation in 2025.
$350,000–$450,000 — This is the sweet spot for most Hampton Roads buyers. Neighborhoods like Red Mill, Holland, Salem Lakes, and parts of Great Neck become accessible. You can find 3–4 bedroom single-family homes with updated features.
$450,000–$600,000 — Great Neck, Little Neck, and the Oceanfront corridor open up. Little Neck posted 10.69% appreciation in 2025. Homes here often feature larger lots, water views or water access, and top-rated schools.
$600,000+ — You’re entering waterfront, North End Oceanfront, Bay Colony, and Birdneck Point territory. Bay Colony Waterfront appreciated 20.79% in 2025. These are lifestyle-driven purchases with premium coastal access.
How Virginia Beach Compares to Neighboring Cities
Virginia Beach commands a coastal premium over most of Hampton Roads, but it’s dramatically more affordable than other coastal metros. Chesapeake competes closely on price, especially for inland suburban homes. Norfolk and Portsmouth offer lower price points, which can be attractive for investors or buyers who prioritize commute to naval bases over school zones.
Want a personalized neighborhood match for your budget? Let’s talk. otishumphreys.com